UK confirms move into a technical recession
- UK Q4 GDP data confirmed the country’s 1st recession in almost four years.
Source: fxstreet.com
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GBP/USD Forecast: Pound Sterling looks set for further downside
The Pound Sterling (GBP) remained defensive against the US Dollar (USD) for the third consecutive week, as the GBP/USD entered a downside consolidation phase below 1.2700.
Source: fxstreet.com
Japan brought forward emergency yen meeting to maximise market impact — source
Meeting like these are considered a sign Tokyo is moving closer to intervening in the currency market.
Source: japantimes.co.jp
PBoC sets USD/CNY reference rate at 7.0948 vs. 7.0946 previous
On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0948 as compared to the previous day's fix of 7.0946 and 7.2259 Reuters estimates.
Source: fxstreet.com
Forex Today: Subdued action continues heading into Easter holiday
Here is what you need to know on Thursday, March 28: Major currency pairs continue to fluctuate in familiar ranges in the second half of the week.
United States Yishimasa Hayashi Us Bureau Of Economic Analysis World Gold Council University Of Michigan Consumer Sentiment Index For Jobless Claims
Source: fxstreet.com
NZD/USD plummets to its lowest level since November, seems vulnerable while below 0.6000
The NZD/USD pair comes under heavy selling pressure on Thursday and continues losing ground through the first half of the European session.
Source: fxstreet.com
Canadian Dollar advances following strong GDP data
Canadian Dollar is regaining lost ground after upbeat Canadian GDP data.
Source: fxstreet.com
NZD/JPY Price Analysis: Bears maintain control, pushes cross below the 100-day SMA
In Thursday's session, the NZD/JPY declined to 90.40, with a decline of 0.43%.
Simple Moving Average Relative Strength Index Moving Average Convergence Divergence Simple Moving Averages Technical Analysis
Source: fxstreet.com
EUR/JPY Price Analysis: Bearish short-term trend surfaces, bullish outlook holds for broader timeframe
In Thursday's session, the EUR/JPY pair is trading at around 163.40, experiencing a minor loss.
Source: fxstreet.com
EUR/USD remains depressed on stronger USD, manages to hold above 1.0800 mark
The EUR/USD pair extends the previous day's rejection slide from the 100-day Simple Moving Average (SMA) resistance near the 1.0865 region and remains under some selling pressure for the second straight day on Wednesday.
Madis Muller Yannis Stoumaras European Central Bank Simple Moving Average Goods Orders Federal Reserve
Source: fxstreet.com